Stock Name: NOTION
Company Name: NOTION VTEC BHD
Stock Name: EVERGRN
Company Name: EVERGREEN FIBREBOARD BHD
Stock Name: MSM
Company Name: MSM MALAYSIA HOLDINGS BERHAD
Notion VTec; Buy; RM2.02
Price Target: RM2.10; NVB MK
A temporary setback
1QFY12 turn in RM4.8m net loss; announces 3-for-4 bonus issue and 1-for-4 warrants (free). Expect recovery in FY12, driven by HDD segment. Maintain Buy with RM2.10 TP.
Evergreen Fibreboard; Hold; RM1.02
Price Target: RM1.05 (Prev: RM0.85); EVF MK
Earnings surprise
4Q11 earnings fell 21% q-o-q to RM20m, above expectations. Earnings were driven by higher MDF prices, but the impact was mitigated by higher raw material costs. Maintain Hold with a revised RM1.05 TP
pegged to 8x FY12F EPS.
MSM Malaysia Holdings; Fully Valued; RM5.00
Price Target: RM4.15 (Prev: RM3.80); MSM MK
Limited growth prospects
4Q11 net profit of RM76m was within our and consensus expectations. Raised FY12F-13F earnings by 5% each after accounting for higher sugar subsidy of 54 sen. Maintain Fully Valued with adjusted RM4.15 TP, pegged to 11x FY12F EPS.
Company Name: NOTION VTEC BHD
| Research House: HWANGDBS | Price Call: BUY | Target Price: 2.10 |
Stock Name: EVERGRN
Company Name: EVERGREEN FIBREBOARD BHD
| Research House: HWANGDBS | Price Call: HOLD | Target Price: 1.05 |
Stock Name: MSM
Company Name: MSM MALAYSIA HOLDINGS BERHAD
| Research House: HWANGDBS | Price Call: SELL | Target Price: 4.15 |
Notion VTec; Buy; RM2.02
Price Target: RM2.10; NVB MK
A temporary setback
1QFY12 turn in RM4.8m net loss; announces 3-for-4 bonus issue and 1-for-4 warrants (free). Expect recovery in FY12, driven by HDD segment. Maintain Buy with RM2.10 TP.
Evergreen Fibreboard; Hold; RM1.02
Price Target: RM1.05 (Prev: RM0.85); EVF MK
Earnings surprise
4Q11 earnings fell 21% q-o-q to RM20m, above expectations. Earnings were driven by higher MDF prices, but the impact was mitigated by higher raw material costs. Maintain Hold with a revised RM1.05 TP
pegged to 8x FY12F EPS.
MSM Malaysia Holdings; Fully Valued; RM5.00
Price Target: RM4.15 (Prev: RM3.80); MSM MK
Limited growth prospects
4Q11 net profit of RM76m was within our and consensus expectations. Raised FY12F-13F earnings by 5% each after accounting for higher sugar subsidy of 54 sen. Maintain Fully Valued with adjusted RM4.15 TP, pegged to 11x FY12F EPS.
No comments:
Post a Comment